Form 4: Lyft CFO Erin Brewer Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Lyft's CFO, Erin Brewer, reports changes in her beneficial ownership of Class A Common Stock due to tax withholding and RSU transactions.
Summary
- Erin Brewer, CFO of Lyft, Inc., filed a Form 4 detailing changes in her beneficial ownership of the company's Class A Common Stock.
- On August 20, 2024, 173,337 shares were withheld by Lyft to cover tax obligations related to the settlement of restricted stock units (RSUs) and performance-based restricted stock units at a price of $11.6.
- Also on August 20, 2024, 150,352 shares were transferred via gift.
- Following these transactions, Brewer directly owns 1,569,754 shares of Class A Common Stock.
- Brewer also indirectly owns 258,308 shares through the Erin M. Brewer 2022 Trust, dated August 9, 2022, where she serves as trustee.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the CFO's stock ownership.
- The tax withholding impacts the CFO's net stock ownership.
Key Dates
| Date | Description |
|---|---|
| 2022-08-09 | Date of the Erin M. Brewer 2022 Trust |
| 2024-08-20 | Date of the transactions involving Class A Common Stock |
| 2024-08-22 | Date of signature on the Form 4 filing |
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